Equities research analysts expect Carrols Restaurant Group, Inc. (NASDAQ:TAST – Get Rating) to announce ($0.36) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Carrols Restaurant Group’s earnings, with estimates ranging from ($0.39) to ($0.32). Carrols Restaurant Group reported earnings of ($0.13) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 176.9%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Carrols Restaurant Group will report full-year earnings of ($0.40) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to ($0.26). For the next financial year, analysts anticipate that the business will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.20) to ($0.01). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Carrols Restaurant Group.
Carrols Restaurant Group (NASDAQ:TAST – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The restaurant operator reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $416.13 million during the quarter, compared to analyst estimates of $420.00 million. Carrols Restaurant Group had a negative net margin of 2.60% and a negative return on equity of 8.94%.
Shares of TAST traded down $0.01 during mid-day trading on Wednesday, reaching $2.06. The company’s stock had a trading volume of 9,323 shares, compared to its average volume of 297,141. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.32 and a current ratio of 0.41. Carrols Restaurant Group has a 52 week low of $1.93 and a 52 week high of $6.49. The stock’s fifty day moving average price is $2.44.
Several hedge funds and other institutional investors have recently modified their holdings of TAST. Morgan Stanley increased its stake in shares of Carrols Restaurant Group by 486.4% in the second quarter. Morgan Stanley now owns 131,604 shares of the restaurant operator’s stock worth $792,000 after buying an additional 109,162 shares during the period. Royal Bank of Canada increased its position in Carrols Restaurant Group by 37.8% during the 2nd quarter. Royal Bank of Canada now owns 57,757 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 15,844 shares during the period. Wells Fargo & Company MN increased its position in Carrols Restaurant Group by 107.6% during the 2nd quarter. Wells Fargo & Company MN now owns 214,504 shares of the restaurant operator’s stock valued at $1,289,000 after purchasing an additional 111,168 shares during the period. SG Americas Securities LLC purchased a new position in Carrols Restaurant Group during the 3rd quarter valued at $73,000. Finally, Raymond James & Associates increased its position in Carrols Restaurant Group by 95.7% during the 3rd quarter. Raymond James & Associates now owns 39,870 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 19,500 shares during the period. 38.10% of the stock is currently owned by institutional investors.
Carrols Restaurant Group Company Profile (Get Rating)
Carrols Restaurant Group, Inc, through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King and Popeyes franchisee. As of January 2, 2022, it operated 1,026 Burger King restaurants located in 23 Northeastern, Midwestern, Southcentral, and Southeastern states; and 65 Popeyes restaurants in seven Southeastern states.
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